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Highlights of the Coming New Bankruptcy Law Addressed at ABI’s Annual Spring Meeting

April 5, 2005, Alexandria, Va. -- The coming new bankruptcy law (S.256) will make the most significant changes to consumer and business bankruptcy in a generation. These new rules will be featured in panel sessions of both the Legislative and Consumer Committees of the American Bankruptcy Institute's (ABI) 23rd Annual Spring Meeting, to be held April 28-May, 2005, at the JW Marriott in Washington, D.C.  

Mark Taylor of Arent Fox PLLC, trustee in AmeriDebt Credit Counseling, will discuss the provisions in the bill mandating credit counseling before filing for bankruptcy and how it could be implemented. Becky Roof of AlixPartners, co-chair of Financial Advisors Committee, will comment on the portion of the bill regarding retention of key employees and post-petition advisors and how the new legislation would affect corporate reorganizations.

A final plenary session on Sunday, May 1 will feature ABI Resident Scholar Prof. Jeff Morris, Executive Director Samuel Gerdano and Richard Byrne of the U.S. Trustee program on the many other commercial and consumer changes made by the new law.


ABI is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency.   ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.  The ABI membership includes more than 10,600 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals providing a forum for the exchange of ideas and information.  For additional information on ABI, visit ABI World at  For additional conference information, visit









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